Seco/Warwick (WAR:SWG) ROCE % : 14.22% (As of Mar. 2024)

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What is Seco/Warwick ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Seco/Warwick's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.22%.

Seco/Warwick ROCE % Historical Data

The historical data trend for Seco/Warwick's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seco/Warwick ROCE % Chart

Seco/Warwick Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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14.36

10.63

8.47

9.01

15.51

Seco/Warwick Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															8.82	18.15	13.44	12.03	14.22

Seco/Warwick ROCE % Calculation

Seco/Warwick's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	39.528	/	( ( (456.596 - 215.772)	+	(581.662 - 312.658) )	/ 2 )
	=	39.528	/	( (240.824	+	269.004)	/ 2 )
	=	39.528	/	254.914
	=	15.51 %

Seco/Warwick's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	42.52	/	( ( (622.395 - 328.161)	+	(644.217 - 340.231) )	/ 2 )
	=	42.52	/	( ( 294.234	+	303.986 )	/ 2 )
	=	42.52	/	299.11
	=	14.22 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Seco/Warwick (WAR:SWG) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Seco/Warwick ROCE % Related Terms

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Seco/Warwick (WAR:SWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Seco/Warwick SA (WAR:SWG) » Definitions » ROCE %

Comparable Companies

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N/A

Address

8 Sobieskiego Street, Swiebodzin, POL, 66-200

Website

https://www.secowarwick.com

Seco/Warwick SA is an investment holding company engaged in manufacturing of heat processing equipment. The company's operations are divided into five core business segments: Vacuum furnaces, Melting furnaces, CAB Lines, Aluminium heat treatment systems, and Aftersales services. Geographically, it has operations in the European Union, United States, Commonwealth of Independent States, Asia, and other regions. The Company identifies two main operating geographic segments which are China and Rest of the World. It generates a vast majority of revenues from the rest of the world.

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